education programming for both elder consumers and elder/housing service agency personnel and various involved professionals to facilitate elder referrals in a more timely manner. For example, on October 3, 2012, HOME made a presentation to staff from over 30 Councils on Aging.

As a last resort, H.O.M.E. may craft a loan product with a community
lender. Among these alternatives are conventional, hand-crafted
portfolio and equity conversion products, including reverse mortgages
(both term and open-ended insured), as well as the innovative Senior
Equity Line of Credit (S.E.L.O.C.). Refer to actual case studies.

Once selected, the appropriate option can provide elders with:

A way to pay for:

property and mortgage arrearages and overwhelming consumer debt

health needs and/or home health care

home repairs and/or adaptations

monthly income supplements, etc.

The opportunity to stay in their own home and retain independence

Ability to acquire critically needed services and resources to extend home tenure

Maximum consumer protection and preservation of home equity for future contingencies